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Increasing Prevalence Of Infectious Diseases Is Driving The Growth Of The Positron Emission Tomography (PET) Radiotracer Market Driver: Leading Transformation in the Positron Emission Tomography (PET) Radiotracer Market in 2025
Positron Emission Tomography PET Radiotracer Market
What industry-specific factors are fueling the growth of the positron emission tomography (pet) radiotracer market?
The expectant surge in the positron emission tomography (PET) radiotracer market is likely fueled by the rising occurrence of infectious diseases. Such are diseases instigated by harmful microorganisms, including bacteria, viruses, fungi and parasites. Elements like climate change, urbanization, globalization, antibiotic resistance, and shifts in human behavior contribute to the increase in infectious diseases, by aiding the transmission of pathogens. PET radiotracers play a significant role in managing infectious diseases by imaging metabolic activities and inflammation, which aids in identifying infections, evaluating treatment response and distinguishing between infectious and non-infectious conditions to improve patient outcomes. For example, the UK Health Security Agency, a government entity in the UK, released a report in February 2024 indicating a 10.7% rise in tuberculosis (TB) cases in England, with 4,850 cases in 2023 versus 4,380 cases in 2022. This is clear evidence that the escalating occurrence of infectious diseases is a primary driver behind the growth of the positron emission tomography (PET) radiotracer market.
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What Is the projected market size and growth rate for the positron emission tomography (pet) radiotracer market?
The market size of the positron emission tomography (PET) radiotracer has seen significant growth in the past few years. The market, which was worth $2.35 billion in 2024, is projected to expand to $2.57 billion in 2025 with a compound annual growth rate (CAGR) of 9.3%. Factors such as the growing incidence of infectious diseases, increased awareness and accessibility, the development of new radiotracers, a surge in cancer cases, and an enhanced emphasis on preventive healthcare have contributed to the historical growth.
Expectations are high for the positron emission tomography (PET) radiotracer market, with substantial growth predicted in the coming years. By 2029, the market size is projected to increase to $3.63 billion, expanding at a compound annual growth rate (CAGR) of 9.1%. This anticipated growth within the forecast period is due to factors such as an expanding range of applications, regulatory approvals, the rise of emerging markets, an increasing geriatric population, and the increased use of PET radio scanners. Key trends expected during this forecast period include advancements in micro-PET technology, fusion with wearable technology, theranostics expansion, the rise of nano-radiotracers, and the use of blockchain for data protection.
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What new trends are reshaping the positron emission tomography (pet) radiotracer market and its opportunities?
Leading entities in the positron emission tomography (PET) radiotracer marketplace are striving to develop superior diagnostic solutions, such as PET imaging agents, in a bid to enhance cancer detection and better patient outcomes. A PET imaging agent is a radioactive substance utilized in visualizing and gauging biological processes within the body during PET scans. For instance, in March 2023, IsoLogic Innovative Radiopharmaceuticals, a radiopharmaceutical firm based in Canada, unveiled Illuccix, also known as the Ga-68 Gozetotide Preparation Kit (PSMA-11), in Canada. This imaging agent for prostate cancer is designed to detect metastatic prostate cancer. It becomes a crucial tool for doctors to diagnose metastatic diseases and aid in making patient management decisions. It is recommended for use in patients suspected of having metastasis who might be candidates for initial definitive therapy, and those suspected of recurrence indicative of elevated serum prostate-specific antigen (PSA) levels.
What major market segments define the scope and growth of the positron emission tomography (pet) radiotracer market?
The positron emission tomography (PET) radiotracer market covered in this report is segmented -
1) By Radiotracer Type: F-18 (Fluorodeoxyglucose 18), Ga-68 (Fibroblast Activation Protein Inhibitor), Other Radiotracer Types
2) By Application: Cancer, Heart Disease, Gastrointestinal, Endocrine, Neurological Disorders, Other Applications
3) By End-User: Hospitals, Diagnostic Centers, Other End-Users
Subsegments:
1) By F-18 (Fluorodeoxyglucose 18): F-18 FDG (Fluorodeoxyglucose), F-18 Fluoroethyltyrosine (FET), F-18 Florbetapir (Amyloid PET Imaging)
2) By Ga-68 (Fibroblast Activation Protein Inhibitor): Ga-68 Dotatate (Neuroendocrine Tumor Imaging), Ga-68 PSMA (Prostate-Specific Membrane Antigen Imaging), Ga-68 FAPI (Fibroblast Activation Protein Inhibitor Imaging)
3) By Other Radiotracer Types: C-11 (Carbon-11), N-13 (Nitrogen-13), O-15 (Oxygen-15), Rb-82 (Rubidium-82), I-124 (Iodine-124)
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Which region dominates the positron emission tomography (pet) radiotracer market?
North America was the largest region in the positron emission tomography (PET) radiotracer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the positron emission tomography (PET) radiotracer marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the positron emission tomography (pet) radiotracer industry growth?
Major companies operating in the positron emission tomography (PET) radiotracer marker are Cardinal Health Inc., AstraZeneca PLC, Eli Lilly and Company, Siemens Healthineers AG, GE Healthcare Technologies Inc., Philips Healthcare, Bracco Imaging S.p.A., Neusoft Medical Systems Co Ltd., Lantheus Holdings Inc., Jubilant Pharma Limited, SOFIE Biosciences (SOFIE), Yantai Dongcheng Pharmaceutical Group Co. Ltd., Nordion Inc., RefleXion Medical Inc., Isologic Innovative Radiopharmaceuticals, ABX Advanced Biochemical Compounds GmbH, IBA Radiopharma Solutions S.A., IXICO PLC, ImaginAb Inc., Radiomedix Inc.
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What Is Covered In The Positron Emission Tomography (PET) Radiotracer Global Market Report?
•Market Size Forecast: Examine the positron emission tomography (pet) radiotracer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the positron emission tomography (pet) radiotracer market for a structured understanding.
•Key Players Overview: Analyze major players in the positron emission tomography (pet) radiotracer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the positron emission tomography (pet) radiotracer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the positron emission tomography (pet) radiotracer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the positron emission tomography (pet) radiotracer market.
•Industry Challenges: Identify potential risks and obstacles affecting the positron emission tomography (pet) radiotracer market.
•Competitive Landscape: Review strategic developments in the positron emission tomography (pet) radiotracer market, including expansions, agreements, and new product launches.
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